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Freddy Mac

Posted by Matthew Merenoff on February 25, 2013 at 5:56am in Short Sale Discussions

I have a short sale and freddy mac is saying even though they have a current up todate Apprisal report they want $50k more. Now this is being told threw the servicing company. Does anyone have a good number to freddy mac?

 

Thanks Matt

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Replies

  • Matthew Merenoff February 26, 2013 at 11:18am

    Thank you all for all your help!!!

     

    After 3.5 hours between Servicie Link - Indy Mac and Freddy Mac.

    I found out a whole lot !! Mostly there is no one more organized then me.

    I was able to get someones email from uppermangment at One West Bank short Sale department. If you count them thats 4 companies involved in this short sale.......

    I keep all posted on what the out come is.

    Thanks

    Matt

  • TOP END Properties February 25, 2013 at 12:20pm
    Ron gave you the number 1-800-Freddie
  • Matthew Merenoff February 25, 2013 at 11:17am

    I thank everyone for all there help today. I have done all you have talked about. At this point I really just want a directly number or fax even a email address so I can blast Freddy Mac directly. They are 1000% wrong at this point. The filw is with one west bank for indy mac going threw Freddy Mac....... A current copy of and apprisal report comps and est of repair was all put in the file . I never give up on a deal. Does anyone have any contact info at all.

     

    Thanks Matt

  • Smitty February 25, 2013 at 7:42am

    This isn't a CHASE property by any chance is it?

    • Jonathan Katz > Smitty February 25, 2013 at 8:04am

      Smitty,

             We have a Chase file with Freddie right now which is being countered to a NET 10k higher than what they owe. It's an outrageous counter. We'll see what happens with this one, it's an interesting case.

      Brett@ishortsalenow.com

      www.ishortsalenow.com

      310-564-6389

      • Smitty > Jonathan Katz February 25, 2013 at 8:23am

        Chase lately is ridiculous.  I have had EVERY one of my Chase files countered.  I had one last week counter $100,000 higher than offer price and $90,000 than list.  It's freaking ridiculous.  They have lost me MORE buyers than I care to say and the reason I ask is I have a Freddie Mac sale RIGHT NOW where I lost a buyer and it's chase serviced, and I'm just very curious if Matthew's file is Chase serviced. 

        Now, I'm on my SECOND Chase file with over $100,000 counter.  This one is Fannie but what kills me is I'm on my THIRD buyer and if they took the first offer they would have gotten about $173,0000, but they jerked around for a mere $12,000, the second buyer came in at $150,000 and now my last buyer is at $100,000 because pipes burst and property is uninhabitable.  On this last buyer they countered at $200,000 - this sale has been going on for MONTHS and they just lost Fannie Mae at least $80,0000 if they had taken the first offer.  Then on this last offer they counter HIGHER than ANY of the previous valuations and it makes NO sense AFTER the pipes burst.

        I can't stand Chase right now.

  • TOP END Properties February 25, 2013 at 7:04am
    Ron's right. Last time I went to Freddie they asked me why I didn't have the servicer initiate the dispute. Anyhow, all they wanted was 3 sales comps and an authorization (and a copy of the contract). I sent them a complete bpo. Servicer wasn't too happy bc it took them out of the loop. However I did call the servicer first and didn't like the response.
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